Loading...
See More

Sasol product to slash power bills

Oct 13 2010 06:41 Elma Kloppers

Company Data

Sasol Limited [JSE:SOL]

Last traded 613.16
Change 0.57
% Change 0.00
Cumulative volume 1536652
Market cap 399.01bn

Last Updated: 30/09/2014 at 04:28. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Sasol faces fine over plastic prices

Upbeat Sasol expects bigger profit

Sasol shale oil plans shape up

Plastic maker nabbed for price-fixing

Sasol to hunt for gas in Karoo Basin

 

Johannesburg - An alternative source of energy from Sasol [JSE:SOL] will provide thousands of homeowners with a significantly smaller monthly energy account, as well as a smaller carbon footprint.

On Tuesday the petrochemical giant introduced its new Sasol Homegas product at the Waterfall Country Estate in Midrand, currently the largest property development in the country and the first to use the gas.

The product is liquefied petroleum gas (LPG), which is stored in large 6 200-litre to 22 500-litre gas tanks on the premises of the development for use as an alternative energy source.

It is the first such project and Sasol plans to roll it out on a large scale countrywide in new developments.

It's a step in the direction of a greener future, said Pieter Claassen, Sasol Oil’s manager for new business development.

It is especially targeted at developers of new housing and at the low-income housing market.

He said the gas would be used to heat water, for indoor heating and for cooking.

At the same time the houses will be supplied with solar panels.

This would reduce the average household's dependence on electricity by about 60%. The saving on the total electricity account would be 18% to 20% and households’ carbon footprint would come down 40% to 50%.

It would considerably reduce the pressure on South Africa’s electricity network and ensure that buildings had a reliable alternative source of energy at all times, lightening the household burden of rising electricity tariffs.

This gas is already being used in millions of homes globally, but its use in South Africa has always been limited because the country until recently had cheap electricity.

The infrastructure to install the product will add to developer’s costs.

Claassen said a R1.5m house would cost an average of 1% more to build and low-income houses about 2% more.

Mark Corbett, chief executive of Century Property Developments which is developing Waterfall, said the gas will be stored on the premises and distributed to each house.

Each house will have its own gas meter and households will be able to pay for the gas in advance.

Waterfall is currently the biggest residential development in the country and 3 000 houses will be built there over the next five years.

Corbett said the stands sell for between R600 000 and R6.5m for units from 600m² to one hectare. The first three stages, a total of 700 erven, have already been sold.

Sasol Homegas will be installed by qualified staff in compliance with all international and domestic safety standards.

The gas has a distinct smell, so that any leaks can be picked up and traced immediately.

 - Sake24

For business news in Afrikaans, go to Sake24.com.

sasol
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
33 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...